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The market is experiencing robust growth, propelled by continuous technological advancements and the introduction of innovative devices. The integration of medical science and cutting-edge technology has resulted in the development of advanced treatment options for individuals suffering from congestive heart failure.
Congestive heart failure (CHF) treatment devices industry size was USD 23.5 billion in 2023 and is anticipated to surpass USD 41.7 billion by 2032 owing to the rising prevalence of heart failure and cardiovascular diseases and an increasing awareness regarding heart failure treatment.
The defibrillators segment accounted for 52.6% share of the CHF treatment devices industry in 2023 and is projected to grow at a robust pace through 2032 attributed to their extensive use in hospital settings, emergency departments, and cardiac care units.
North America congestive heart failure treatment devices industry size was USD 10.3 billion in 2023 and is set to exhibit robust growth through 2032 driven by the presence of leading industry players, an increasing demand for cardiovascular devices.
Leading congestive heart failure treatment device firms are Abbott Laboratories, Biotronik SE & Co. KG, Boston Scientific Corporation, Koninkilijke Philips N.V., LivaNova PLC, Medtronic plc, MicroPort Scientific Corporation, OSCOR Inc., St. Jude Medical, Inc., Stryker Corporation, and Terumo Corporation.